✨ Banking Regulations
24 JUNE 2011 NEW ZEALAND GAZETTE, No. 88 2371
directors (or other persons exercising powers of management, however described), and the percentage of the directors that each of those persons has the ability to appoint.
4 Directors
(1) A statement whether there have been any changes in the composition of the registered bank’s board of directors since the date on which the signing of its previous disclosure statement is completed, and if so, the changes involved, and the name of each director affected by the changes.
(2) If applicable, the name of each director on whose behalf each responsible person has signed the short form disclosure statement.
5 Guarantees
(1) A statement on whether any material obligations of the registered bank are guaranteed as at the date its directors sign its short form disclosure statement.
(2) If any material obligations of the registered bank are guaranteed under a guarantee that is not a government guarantee, for each such guarantee the matters set out in clauses 6, 7 and 8.
(3) If the registered bank has a government guarantee, for each such guarantee the matters set out in clauses 7A, 7B and 8.
(4) If any material obligations of the registered bank are guaranteed under a cross guaranteeing arrangement, the matters required by clause 9.
(5) Subclause (2) does not apply if subclause (4) applies.
6 Details of guarantor
(1) The name and address for service of the guarantor.
(2) A statement whether the guarantor is a member of the banking group.
(3) Either—
(a) the amount of the net tangible assets of the guarantor as shown in the most recent publicly available audited financial statements, together with any qualifications in the auditor’s report on those financial statements that reflect on the statement of those assets in the financial statements; or
(b) if the guarantor is a bank, the most recent publicly disclosed capital of the guarantor and the guarantor group expressed as an amount and as a percentage of risk weighted exposures, and the date to which that measure of capital relates.
(4) A statement whether the guarantor has any credit ratings applicable to its long term senior unsecured obligations payable in the currency of the country of its incorporation, and if so, in respect to each rating—
(a) the name of the person who gave the credit rating; and
(b) the current rating and all qualifications to that rating; and
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NZ Gazette 2011, No 88
✨ LLM interpretation of page content
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Registered Bank Disclosure Statement (Off-Quarter—New Zealand Incorporated Registered Banks) Order 2011
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💰 Finance & Revenue20 June 2011
Banking regulations, Disclosure statement, Supplemental information, Financial statements, Guarantee contracts, Auditor’s report